Turkish vehicle market slams +36% in Q3 running towards 1 million sales, first time ever.

Turkish vehicle market

Turkish vehicle market slams +36% in Q3 running towards 1 million sales, first time ever. The sector is becoming predominant inside the industrial Turkish system and the fastest growing in Europe between 2015 and 2020.

Economic Outlook

After economic growth lost steam in the first quarter of the year, recent data suggest that the economy picked up pace in Q2.

Industrial production recorded its largest expansion in a year-and-a-half in June and the current account deficit narrowed in the same month. However, data for the start of the third quarter indicate that rising political uncertainty and an escalation of domestic and regional violence is weighing on economic prospects.

In August, business confidence fell and consumer confidence plummeted to the lowest level since March 2009. In the political arena, following weeks of unsuccessful coalition negotiations, the country is now headed to its second parliamentary election in five months.

Early elections are scheduled for 1 November, however, initial polls show little has changed since June’s election, suggesting that the result could lead to another divided parliament.

Market Outlook

Coming out of a long negative period, Turkish market was expected to start in the 2015 a long period of moderate and steady growth.

Indeed according to our Research Team, in the period 2015-2020 Turkish market should be not only the European fastest market in percentage but in absolute volumes as well.

However, this year is above any plans. Following a first quarter +48.6%, i the second the speed further improved ending the first half up 50.1%, the best performance worldwide for any market inside the Top 50.

In the third quarter the impressive growth continue and, as reported by the O.D.D., Otomotiv Distribütörleri Derneği (Car Distributors Association in Turkey) in July sales were up 39.9% at 83.836 and in August up 36.6% at 82.227 units.

The last was the 12th year on year growth in a string.

In the first eight month of year sales had been 596.698, up 46.6%, projecting the year at the new all-time record, first time above the 1 million annual volume.

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

Rank AugRank 2015BrandSales AugSales YTDVar AugVar 2015Share AugShare YTD
11Volkswagen13.55793.00549,5%46,8%16,5%15,5%
22Ford10.43973.37048,6%70,6%12,7%12,3%
33Renault9.61868.40255,8%34,1%11,7%11,4%
44Fiat7.55464.2759,8%38,3%9,2%10,7%
58Dacia4.25527.74163,6%56,0%5,2%4,6%
65Hyundai4.25432.31619,3%29,3%5,2%5,4%
79Mercedes4.13023.72468,0%36,8%5,0%4,0%
87Opel4.06927.75841,9%33,9%4,9%4,6%
96Toyota3.42631.16746,0%79,9%4,2%5,2%
1010Peugeot2.88422.53068,7%75,9%3,5%3,8%
1112BMW2.88119.3360,9%42,2%3,5%3,2%
1213Nissan2.20915.71429,0%42,9%2,7%2,6%
1311Citroen2.10119.47034,8%71,9%2,6%3,3%
1414Skoda1.70914.31826,1%76,6%2,1%2,4%
1517Kia1.60710.36531,5%52,0%2,0%1,7%
1615Audi1.60311.958-3,3%30,2%1,9%2,0%
1716Seat1.58611.38821,1%73,1%1,9%1,9%
1818Honda1.4778.92730,8%13,5%1,8%1,5%
1920Mitsubishi5263.717-9,8%40,0%0,6%0,6%
2019Volvo4524.4555,6%32,9%0,5%0,7%
2121Isuzu2972.444-50,0%6,1%0,4%0,4%
2223Iveco2571.59556,7%27,0%0,3%0,3%
2322Jeep2532.32148,0%316,7%0,3%0,4%
2424Karsan2391.370165,6%108,5%0,3%0,2%
2528Mazda144855171,7%37,5%0,2%0,1%
2625Subaru1431.09949,0%38,6%0,2%0,2%
2726Mini120918155,3%76,2%0,1%0,2%
2827Land Rover7987719,7%24,0%0,1%0,1%
2929SsangYong78752-31,0%8,8%0,1%0,1%
3032Porsche7340135,2%19,0%0,1%0,1%
3130Alfa Romeo60544-3,2%-13,8%0,1%0,1%
3237Smart3579#DIV/0!75,6%0,0%0,0%
3334Chery2627152,9%24,3%0,0%0,0%
3431Proton2546125,0%15,3%0,0%0,1%
3533Tata20296-33,3%28,7%0,0%0,0%
3635Jaguar17144325,0%323,5%0,0%0,0%
3736Suzuki13127-84,9%-84,2%0,0%0,0%
3838Maserati441-20,0%-6,8%0,0%0,0%
3943Lexus33#DIV/0!#DIV/0!0,0%0,0%
4041Bentley1110,0%22,2%0,0%0,0%
4040Geely125-88,9%-62,1%0,0%0,0%
4039Infiniti129#DIV/0!866,7%0,0%0,0%
4042Ferrari16#DIV/0!-14,3%0,0%0,0%
Rank AugRank 2015GroupSales AugSales YTDVar AugVar 2015Share AugShare YTD
11Volkswagen18.529131.08737,8%49,7%22,5%21,9%
22Renault-Nissan16.083111.88653,3%40,2%19,6%18,7%
33Ford10.43973.37048,6%70,6%12,7%12,3%
44FCA8.12968.78411,6%39,9%9,9%11,5%
55Hyundai-Kia5.86142.68122,4%34,2%7,1%7,1%
66PSA4.98542.00052,5%74,0%6,1%7,0%
79Mercedes Daimler4.16523.80369,4%36,9%5,1%4,0%
88General Motors4.06927.75841,9%30,4%4,9%4,6%
97Toyota3.42931.17046,1%79,9%4,2%5,2%
1010BMW3.00120.2543,4%43,5%3,6%3,4%
Rank AugRank 2015ModelSales AugYTD 2015Var AugVar YTDShare AugShare YTD
19Volkswagen Jetta3.07717.17068,9%45,3%3,7%2,9%
25Renault Fluence2.93420.05677,3%21,2%3,6%3,4%
34Ford Courier2.80420.53976,9%238,3%3,4%3,4%
411Volkswagen Golf2.64614.908265,5%93,0%3,2%2,5%
51Fiat Linea2.52624.7535,0%46,0%3,1%4,1%
67Renault Clio2.42517.71250,6%38,8%2,9%3,0%
76Volkswagen Passat2.42119.57419,6%65,4%2,9%3,3%
810Ford Focus sedan2.37515.80654,3%28,3%2,9%2,6%
98Ford Transit2.30417.438-15,9%46,8%2,8%2,9%
103Fiat Doblo2.27520.62222,6%91,6%2,8%3,5%
112Toyota Corolla2.08421.96878,1%105,8%2,5%3,7%
1212Opel Astra HB1.91514.84081,4%75,7%2,3%2,5%
1313Renault Symbol1.66214.7652,5%25,8%2,0%2,5%
1315Hyundai i201.66214.37510,6%45,4%2,0%2,4%
1418Opel Corsa1.6169.244100,2%45,7%2,0%1,5%
1514Volkswagen Polo1.54014.589-12,5%18,2%1,9%2,4%
1629Mercedes C Class1.4576.193173,9%123,6%1,8%1,0%
1727Dacia Sandero1.3826.846125,8%63,7%1,7%1,1%
1817Dacia Duster1.3649.29541,6%52,7%1,7%1,6%
1923Hyundai Accent1.2317.15936,2%19,7%1,5%1,2%
2022Citroen C-Elysée1.1707.316138,3%100,7%1,4%1,2%
2119Fiat Fiorino1.1379.130-11,6%-10,5%1,4%1,5%
2225Volkswagen Transporter1.0716.92169,2%68,6%1,3%1,2%
2326Honda Civic sedan9386.8791,8%10,4%1,1%1,2%
2431BMW 3 Series9125.925-20,2%18,0%1,1%1,0%
2535Volkswagen Tiguan8685.290199,5%60,8%1,1%0,9%

To discover why we project this market as the fastest in Europe up to the 2020,  you can purchase the Turkey Car Market 2020 Outlook:

 

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